Monday, 29 January 2018

Learn What Is Photogrammetry and Its Various Applications

In this article, we are presenting a brief introduction to what is photogrammetry and its various applications for those who are new to this technology.

 What is Photogrammetry?

In a straightforward language, Photogrammetry is a technology that combines photography and geometry. It has a significant impact on the current architectural works.

As the name implies, Photogrammetry is a 3-Dimensional coordinate measuring method that makes use of photographs as the primary medium for measurement. The classical definition of the Photogrammetry is the simple process of deriving metric information about an object through measurements made on the photograph of that object.  Furthermore, photogrammetry is the science or the art of making measurements from the photographs. It means the measuring of features on photographs.

Photogrammetry uses the fundamental principles of triangulation called as Aerial Triangulation. In this method, a photograph gets snap from at least two different locations called “Line of sight,” and it can develop from each camera to points on the object.
The mathematical intersection of these lines can generate the 3D coordinates of the points of interest.

History of Photogrammetry

The Photogrammetry method was initially in use by the Prussian Architect in 1867 who designed some of the earliest topographic maps and some elevation drawings. The photogrammetry service in the topographic mapping is well-established but in the current scenario, the application of photogrammetry is common in the fields of architecture, engineering, forensic, underwater, medicine and much more for the production of accurate 3D data.
The term photogrammetry describes from the three simple words:
‘Photo’ – Light
‘gram’ – Drawing
‘metry’ – Measurement
“Photogrammetry means Light Drawing Measurement”
The output of this method is typically a map, drawings, measurement or a 3D model of some real-world objects. Many of the maps we are using are generated with the help of this technique, while the photographs are taken from the aircrafts.

Application of Photogrammetry

The categorization of the photogrammetry is based on the camera location during the actual photography. On these terms, we have Aerial Photogrammetry, Terrestrial Photogrammetry and Space Photogrammetry.
Now let’s understand each application of Photogrammetry in detail.

Aerial Photogrammetry
In this type of photogrammetry, the cameras are launch on a machine that flies aircraft and therefore takes pictures. These pictures are useful in generating the measurements. In this case, for the statistical comparisons, at least two photos of the same object or surface are clicked. This type of photography uses special design planes.


The aircrafts fly over a preset piece of land, pointed with a particular landmark. The camera speed is controlling accordingly to the speed of the plane. Also, the height of the plane from the land is initially defined. The stereo-plotter (an instrument that allows an operator to view two photos at once in a stereo view) processes the photographs. The photographs are also useful in automation processing for Digital Elevation Model (DEM) creation.

Terrestrial Photogrammetry

It is this kind of Photogrammetry technique in which the camera is usable in a stationary position, and hence photographs need to capture from a fixed, known position on or near the ground. The camera tilt and other specifications are in command. Photo Theodolite is a unique instrument that utilizes in exploring the photographs.

 Space Photogrammetry

The space photogrammetry adapts all the aspects of extraterrestrial photography as well as measurements wherein the camera is non-moving on the earth or place on artificial satellite or in the space.

The term Photo Interpretation is applicable to that branch of photogrammetry wherein aerial or terrestrial photographs utilize to calculate, analyze, classify and interpret images of objects that are visible on the photographs. As a result, Photogrammetry is a combination of measurement and interpretation of a particular object.

Advantages of Photogrammetry

Photogrammetry has numerous advantages that are beneficial in modern construction as well as various other sectors like:
  • Covers large areas quickly.
  • The photogrammetry technique is cost-efficient.
  • The method is the easiest way to obtain or access information from the air.
  • The photographic images illustrate great details.

Application of Photogrammetry

  • To quickly verify the spatial positions of the ground objects.
  • To prepare topographical maps (surveying/mapping).
  • Helpful in Military/Artificial Intelligence.
  • For the interpretation of Geology/Archaeology.
  • Analysis of crop damages due to floods or other natural disasters.
  • To prepare a composite picture of ground objects.
  • To relocate existing boundaries of properties.
  • Helpful in the field of medicine.
The photogrammetry can generate a data set that will help many organizations or the stakeholders, therefore, helping to create most efficient and effective plan for any construction project.

Sunday, 28 January 2018

Learn and Explore What is GIS & Advantages of GIS



GIS information is a system intends to capture, store, manage, manipulate, analyze, the geographic data.


The term GIS seldom used for geographic information science (Geoscience) to relate to the academic system that studies GIS information systems. It is a vast domain within the broader academic discipline of Geo-informatics. What goes beyond a GIS is a spatial data infrastructure, a concept that has no such limiting boundaries.

GIS information system is a particular case of information systems in which the database includes observations on spatially detailed features, activities or events, which are definite in space as points, lines, or areas.

geographic information system (GIS) manages data concerning these areas, points, and lines, thus helps in recovering data information.

GIS information system has already influenced most of us in some of the other ways without us even recognizing it. If you have ever used an Internet mapping program to find directions, Congratulations, you have personally used GIS!
The latest supermarket chain on the corner was apparently located using GIS, therefore, help in determining the most effective place to meet customer demand.


Below are the Basic uses of GIS:


Mapping data: The primary function of a GIS information system is to present a visual representation of data. Thus, GIS shows the data collection and then represents it in visual map format. 

Proximity Analysis: A proximity analysis is an analytical procedure helps in determining the relationship between a particular location and other locations as well as points that are in connection with each other in some way.  Several business organizations also use Proximity Analysis to identify sites suitable for business outlets.

Buffering: Buffering is the technique usually used with proximity analysis to show the sphere of influence of a given point. Buffering is not only useful for building a zone around a given geographic feature for further but also for investigation using the overlay method.

Find Clusters: A cluster could involve members where a distance among them is decidedly less than a particular amount or areas where points are dense more significant than a specific level.

Find Nearest: A procedure that is used to measure the distances within a point and the edge of a particular element which defines as a polygon using vector points.

Location Analysis: The best method to classify a location for a new local outlet. The procedure that developed from theoretical approaches can use to explain detected conditions to an algorithm for identifying optimal locations.

GIS Tool:
GIS applications are tools which allow users to not only build interactive queries or user-created searches but also allows to analyze spatial information, edit data in maps, and present the results of all these operations.
Below is the list of GIS tools used most commonly, they are:
  • Overlay and proximity
  • Surfaces
  • Spatial and non-spatial statistics
  • Table management
  • Selection and extraction
Below are the advantages of GIS which are therefore helpful –

The main advantages of GIS are as follows:

Improves decision making – decisions made more accessible because of the particular and complete information presented concerning one or more than one locations.
Decrease costs and enhance efficiency – primarily concerning maintenance schedules, fleet progress or scheduled timetables.
Easily understandable communication amongst the organization as well as the departments can view in the visual format. 
Secure Managing records–  The geological changes are recorded by the GIS systems which are reliable for documenting changes. 
Managing geographically – understanding what is and what will be occurring in a geographic space, therefore, help to plan a course of action.
Those are among the advantages that not only could provide the use of GIS technology but might be a great decision to make use of it. 
The GIS has relied on modifications made in many different types of GIS systems:
  • Geography
  • Cartography
  • Photogrammetry
  • Remote Sensing
  • Surveying
  • Geodesy
  • Civil Engineering
  • Statistics
  • Computer Science
  • Operations Research
  • Artificial Intelligence
  • Demography, and many other branches or types of GIS.

Wednesday, 24 January 2018

Understanding billing and Cash Flow Analysis.



Introduction:

A cash flow statement is the most relevant financial records for a project or business. The report can be as simple as a one-page analysis or may include different schedules that maintain information into a necessary statement.

A cash flow statement lists out of the flows of cash within and out of the enterprise or project. Consider it as you are checking account at the bank. Deposits are the cash inflow, and withdrawals (checks) are the cash outflows. The balance in your account is your net cash flow statement at a specific point in time.
A cash flow statement also lists out the cash flows that occurred during the past accounting period. A forecast of future flows of cash is called a cash flow budget




Cash flow analysis, cash flow statement is about:

Cash Flow analysis and bill management system describe the essential role that cash plays in evaluating the possible success or failure of a construction project. Most of the times, only the bankers have benefitted alone because of the inaccurate cash management policies. 

Cash flow analysis is a fundamental aspect of every business, but it can be daunting to stay on top of it when there are so many other responsibilities that need your attention.

Cash flow analysis is also crucial because it later becomes payment for things that make your business run. Expenses like stock or raw materials, employees, rent and other operating expenses. Naturally, positive cash flow is preferred. A Positive cash flow means your business is running smoothly.

Benefits of Cash flow Analysis:

  •   Cash flow analysis determines the actual cash position available with the company between the two balance sheet dates which finances flow and profit and loss account are unable to show and therefore it is essential to make a cash flow statement if you want to know about the liquidity position of the company.
  •  Cash flow analysis helps the company in making accurate forecasts regarding the future liquidity position of the firm and hence plans for any shortfall in money by making arrangements in advance and if there is excess than it can help the company in earning extra return out if idle funds.
  • Cash flow analysis acts as a filter and is used by many analyst and investors to judge whether the firm has prepared the financial Cash flow statement accurately or not, because if there is any variance in the cash position as shown by balance sheet with cash flow statement than it means that Cash flow statements are incorrect.
  • Cash flow analysis can provide more detail about the quality of the entity’s revenue, for example, whether customers are (in general) paying their bills.
  •   Cash accounting methods used in cash flows statement can be more natural for non-accountants to understand.

Course design:

This Billing and Cash Flow Analysis excellent course will define the contact points of business and the cash cycle so that the associates know where to give more attention to the overall project planning.
During Billing and Cash Flow Analysis course, you will also recognize the calibrating issues in cash flow which will gradually decrease the dependence on your bank. You will also explore the challenges of cash flow manager and get detailed knowledge of working on cash flow derivatives.
NIBT has this course specially design for:


  • Cash Flow Managers
  • Cash Controllers
  •  Finance Managers
  • Accountants
  • Budget Managers
  • Treasury Managers
  •  Financial Analysts

NIBT trains the student and helps them to grow their career and become an Account Executive, Cash Flow Manager, Project Manager, Cash Consultant, and Finance Manager.

The objective of Cash Flow Analysis:

Information about the Cash Flow statement is useful in assessing the ability of an enterprise to produce cash and cash equivalents and the needs of the business to utilize those cash flows.

The Aim objectives of Cash Flow Analysis:


  •   To understand Cash Flow Analysis from An Accounting Perspective.
  •   Learn the Cash Flow Statement. 
  •   Measuring the Cash Cycle.
  •   Identifying Cash Flow Warning Signs.
  •   Cash Flow Planning and Forecasting.
  •  Income Statement Forecast.
  •   Balance Sheet Forecast.
  •  Financing.

Conclusion:  

That is why Cash Flow Analysis added back to net sales for calculating cash flow. The only time income from an asset is accounted for in Cash Flow Statement calculations is when the asset is sold. Changes in accounts receivable on the balance sheet from one accounting period to the next must also be reflected in cash flow.